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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Michael Lasser | UBS | 8 questions · 50% challenging |
| Simeon Gutman | Morgan Stanley | 8 questions · 38% challenging |
| Kate McShane | Goldman Sachs | 8 questions · 0% challenging |
| Chris Horvers | JPMorgan | 7 questions · 29% challenging |
| Greg Melich | Evercore ISI | 6 questions · 0% challenging |
| Seth Sigman | Barclays | 6 questions · 0% challenging |
| Kelly Bania | BMO Capital Markets | 5 questions · 0% challenging |
| Paul Lejuez | Citigroup | 4 questions · 0% challenging |
| Robbie Ohmes | Bank of America | 4 questions · 0% challenging |
| Chuck Grom | Gordon Haskett | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 8 questions · 0% challenging |
| Morgan Stanley | 1 analyst | 8 questions · 38% challenging |
| UBS | 1 analyst | 8 questions · 50% challenging |
| JPMorgan | 1 analyst | 7 questions · 29% challenging |
| Bank of America | 2 analysts | 6 questions · 0% challenging |
| Evercore ISI | 1 analyst | 6 questions · 0% challenging |
| Barclays | 1 analyst | 6 questions · 0% challenging |
| BMO Capital Markets | 1 analyst | 5 questions · 0% challenging |
Walmart delivered 7.3% reported revenue growth (5.7% constant currency) in FY2027-Q1, exceeding the top end of guidance by 120 basis points, with transaction growth the strongest in six quarters and eCommerce up 26% globally. Higher-margin businesses continued to scale with advertising up 37%, membership fees up 17%, and U.S. marketplace sales growing nearly 50%, collectively representing about one-third of operating income. Operating income growth of approximately 5% was tempered by $175 million in higher-than-planned fuel costs across distribution and fulfillment operations. Management reiterated full-year guidance of 3.5-4.5% constant currency sales growth and 6-8% operating income growth, expecting profitability to accelerate in Q2 and the second half.
Margin | Competitive Dynamics | Demand | Revenue Growth | Pricing | Trade Tariffs | Macroeconomic | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 5 | 4 | 4 | 4 | 1 | |||
| 2025Q4 | 4 | 3 | 1 | 1 | 2 | |||
| 2026Q1 | 2 | 2 | 1 | 1 | 1 | 5 | 1 | 1 |
| 2026Q2 | 5 | 3 | 1 | 1 | 2 | 3 | 2 | |
| 2026Q3 | 3 | 2 | 4 | 1 | 3 | 2 | 1 | 1 |
| 2026Q4 | 4 | 3 | 2 | 2 | 1 | 3 | 2 | |
| 2027Q1 | 4 | 5 | 4 | 4 | 4 | 2 | 2 | 1 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | '27Q1 | |
|---|---|---|---|---|---|---|---|
| Margin | 5 | 4 | 2 | 5 | 3 | 4 | 4 |
| Competitive Dynamics | 4 | 2 | 3 | 2 | 3 | 5 | |
| Demand | 4 | 1 | 1 | 4 | 2 | 4 | |
| Revenue Growth | 4 | 3 | 1 | 1 | 1 | 2 | 4 |
| Pricing | 1 | 1 | 1 | 2 | 3 | 1 | 4 |
| Trade Tariffs | 1 | 5 | 3 | 2 | 2 | ||
| Macroeconomic | 2 | 1 | 1 | 3 | 2 | ||
| Innovation & R&D | 1 | 2 | 1 | 2 | 1 |
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Calendar quarter Q2 2026Earnings call May 21, 2026
FY2027 Q1 in brief
Walmart delivered 7.3% reported revenue growth (5.7% constant currency) in FY2027-Q1, exceeding the top end of guidance by 120 basis points, with transaction growth the strongest in six quarters and eCommerce up 26% globally.
Newest quarter FY2027 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +7.33% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Walmart Inc. (WMT), FY2027 Q1: 6/10. Scores: Walmart Inc.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: WMT daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2025 Q3 | $169.59B | +5.5% | $0.57 | +919.7% | 4.0% | 2.7% | $372M |
| FY2025 Q4 | $180.55B | +4.1% | $0.65 | -4.4% | 4.4% | 2.9% | $6.44B |
| FY2026 Q1 | $165.61B | +2.5% | $0.56 | -11.1% | 4.3% | 2.7% | $425M |
| FY2026 Q2 | $177.40B | +4.8% | $0.88 | +57.1% | 4.1% | 4.0% | $6.52B |
| FY2026 Q3 | $179.50B | +5.8% | $0.77 | +35.1% | 3.7% | 3.4% | $1.88B |
| FY2026 Q4 | $190.66B | +5.6% | $0.53 | -18.5% | 4.6% | 2.2% | $6.10B |
| FY2027 Q1Selected | $177.75B | +7.3% | $0.67 | +19.6% | 4.2% | 3.0% | $-1.95B |
| FY2027 Q2 | $187.94B | +5.9% | $0.80 | -9.1% | 5.0% | 3.4% | $7.47B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What WMT and other companies said about each other on FY2027 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“2 of your biggest competitors, worldwide, but certainly in The US, Walmart and Amazon, continue to ratchet up the competitive bar”
An analyst frames Walmart as one of Costco's biggest competitors ratcheting up delivery speed, reflecting intensifying retail delivery competition.
“75% of the growth in beauty came from new brands like La Roche-Posay and others.”
Walmart says 75% of its beauty category growth came from newly added vendor brands such as La Roche-Posay, a signal on that brand's traction at mass retail.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
WMT Walmart Inc. | 6 | +7.3% | |
| COST Costco Wholesale Corporation | 7 | +11.6% | |
| DG Dollar General | 8 | +3.4% | |
| DLTR Dollar Tree | 8 | +7.2% | |
| TGT Target Corporation | 8 | +6.7% |